According to Lao Dong reporter's research, from the end of 2024 to now, many plots of land in Le Phap commune (Dong Anh district) have increased in price from 74-100 million VND/m2 to 85-110 million VND/m2.
Land in Tien Duong commune in a wide alley, 2 cars avoiding each other, the selling price also increased from 60-90 million VND/m2 to 80-105 million VND/m2.
The plot of land in Nguyen Khe commune, a location that can be used for business, has increased from 62-78 million VND/m2 to 65-96 million VND/m2.
Even for small alley land plots located deep in villages in Van Noi and Bac Hong communes, from the end of 2024 to now, the selling price has increased from 40-45 million VND/m2 to 50-55 million VND/m2...
Mr. Tran Van Minh (a long-time real estate investor in Hanoi) said that after many months of looking to buy, he found it very difficult to find a plot of land in the countryside of Dong Anh district with a price of less than 50 million VND/m2.
According to Mr. Minh, there are many plots of land that are being advertised by owners here at prices exceeding 80-100 million VND/m2 even though they are located in hamlets and alleys.
The latest report from the website Batdongsan.com.vn shows that the real estate market in Hanoi in the first months of 2025 has shown positive signs of recovery. The most prominent of which is the land segment, which is leading in terms of purchasing demand.
According to the website Batdongsan.com.vn, in the first half of February 2025 alone, the number of land searches nationwide increased by 2-3 times compared to January.
Notably, in Hanoi, the demand for land plots is concentrated in areas such as Long Bien, Dong Anh, Ha Dong districts...
Previous data from the Vietnam Association of Realtors (Vars) shows that land products under VND3 billion in the suburbs of Hanoi with guaranteed legality and completed infrastructure are currently of interest to many investors.
The increase in land prices in many suburban districts of Hanoi has reached 10-20%, with some places increasing by 40% compared to the time when the market was most difficult.
Mr. Le Dinh Chung - General Director of SGO Homes Real Estate Investment and Development Joint Stock Company - said that cash flow tends to shift, looking for new segments and markets.
Recent market developments show that this shifting trend is gradually taking shape and is quite clear. The group of financial customers has begun to shift to looking for new land because they have almost no opportunity to invest in the Hanoi market when the prices of apartments, villas, and townhouses are all too high.
Many real estate experts believe that in the context of high land prices in Hanoi, investors are tending to "hunt" for land priced at 3-5 billion VND in suburban districts of Hanoi, especially in districts that are about to become districts.
